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Pizza Hut

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Assignment

Prepared for:

Sayed Far Abid

Lecturer

College of Business Administration

IUBAT

Prepared by:

Black Rose

Md. Golam Miraz Shawon ID: 13102481

Md. Mukitul Islam ID: 13102457

Aaskenther Hasan Sohag ID. 13102452

Sanjida Sahrin Bristy ID. 13102463

Priyanka Saha ID. 13102462

Ms. Mouri Nusrat ID. 13102092

Date of Submission

February 23, 2014

Questions

  1. Suppose you want to start a new business after completing BBA from IUBAT what business you want to start and why?
  2. How you can be a successful business person by doing this business?
  3. If you are not successful on this business what will be your decision?

Answer

Every man has a purpose to earn profit by doing business. So he think before start his business that which business is more profitable in small capital and low effort. So he make correct plan before start his business. If proper plan is impossible he can not start his business. So we are going to start a business where low labour and little capital can earn more profit easily. And to provide quality services to customers so we are going to strat a business according to every opinion which is a franchising business “Pizza Hut’’

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We want to start a franchising business. Because “Owning a franchise allows us to go into business for ourselves, but not by ourselves.”

A franchise provides franchisees with a certain level of independence where they can operate their business.

A franchise provides an established product or service which may already enjoy widespread brand-name recognition. This gives the franchisee the benefits of a pre-sold customer base which would ordinarily take years to establish.

A franchise increases our chances of business success because we are associating with proven products and methods.

Franchises may offer consumers the attraction of a certain level of quality and consistency because it is mandated by the franchise agreement.

Franchising requires less capital than other growth methods

Franchising permits your company to grow with capital invested by individual franchise owners. For the majority of FranSource clients, the investment required to franchise their business is recouped through the sale of the first two to three franchises.

Rapid Expansion

In today’s marketplace, the window of opportunity for a new or unique business concept closes very quickly. Franchising permits multiple units to be opened simultaneously, gaining a foothold over would-be competitors.

Market Dominance

Multiple locations increase the company’s competitive advantage over similar type businesses.

Franchising puts a "business owner" in charge

Franchising ensures that qualified "managers" are operating additional locations rather than employees. A new business demands a great deal of time, effort and sacrifice. Franchisees are motivated by their ownership of the business and the capital they have invested.

Franchise locations may operate better and more profitably than "company owned" units

Once again, this is due to the fact that a highly motivated owner is running the business rather than an employee.  With their capital at risk, franchisees are much more motivated then employees to perform at their highest levels.  

Greater Buying Power

Franchisors that purchase products and services for their franchise network can often negotiate volume discounts from vendors and suppliers. Sharing a portion of the saving with franchisees provides higher operating margins and a competitive advantage over other similar businesses. 

Increased Name Recognition

As additional locations are opened, name recognition increases.  In the United States, customer loyalty towards recognized brands is at an all-time high. Consumers typically feel more secure frequenting a business they recognize by name. For the independent business person, it has become difficult to compete against companies that have significant resources to develop and promote their brand. Franchising permits an individual to benefit from the collective power and growth of the franchise network, which in turn leads to greater name recognition and competitive advantages for each individual franchisee. 

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